Will Your Home Insurance Policy Cover Water Damage?
Water damage is one of the most common types of damage that occurs to homes. It can be caused by various factors, such as heavy rain, flooding, leaks, and burst pipes. While some water damage is covered by home insurance, there are certain types of damage that are not covered.
What Types of Water Damage Does Home Insurance Cover?
Water damage that occurs suddenly and accidentally from a source inside your home is typically covered by your homeowners’ insurance policy. However, if the water damage is caused by a source from outside your home, it will not be covered by your standard policy.
What Types of Water Damage Aren’t Covered By Your Home Insurance Cover?
There are three main types of water damage that are not covered by every home insurance policy but can be added by endorsement:
1. Overland Water
Flooding is defined as water that enters your home from the ground up. This can be caused by heavy rains, flash floods, or even a faulty sump pump. Overland Water is not covered by home insurance unless coverage has been added as an endorsement.
2. Sewer Backup
Sewage backup occurs when sewage from the municipal system backs up into your home. This can be caused by a clog in the sewer line or a heavy rainstorm. A sewage backup is considered to be a health hazard and is not covered by home insurance unless added by endorsement.
3. Mold
Mold is a type of fungus that can grow in damp, dark areas. It can cause serious health problems, such as respiratory infections. Mold is not covered by home insurance because it is considered to be a preventable problem.
If your home has suffered water damage, the first thing you should do is contact your insurance company. They will send an adjuster to assess the damage and determine if it is covered by your policy. If it is, they will provide you with a list of recommended repairs. If it is not, you will be responsible for the cost of repairs.
Other Damages Not Covered By Your Home Insurance Policy
Here are other instances where your homeowner’s policy will not provide coverage:
Problems Caused By Lack of Maintenance
Your homeowner’s policy will not pay for repairs to your home caused by lack of maintenance. For example, if your roof leaks because you have not had it repaired, your insurance company will not pay for the cost of repairs.
You should keep your home in good repair and have it inspected regularly. This will help prevent problems and will also help you get the most out of your homeowner’s policy.
Repair or Replacement of the Actual Source of the Problem
Your homeowner’s policy will not pay for the repair or replacement of the actual source of the problem. For example, if your roof leaks because of a hole in the roof, your insurance company will not pay for the cost of repairs. You will be responsible for the cost of repairs to the actual source of the problem.
How to Prevent Water Damage
Water damage is a common problem for homeowners, but there are steps you can take to prevent it.
- Inspect your home regularly for signs of water damage, such as leaks, stains, or mold.
- If you see any signs of water damage, repair the problem immediately.
- If you live in an area that is prone to flooding, consider purchasing overland water coverage.
- Be sure to maintain your home’s plumbing and drainage systems properly.
- If severe weather is forecasted, take precautions to protect your home from water damage, such as moving valuable items to a higher level.
- Be prepared for a power outage by having a backup generator or other means of powering your home’s pumps and sump pumps.
Conclusion
There are many different types of water damage that home insurance can cover. These include damage from storms, floods, leaks, and more. It is important to remember that not all home insurance policies cover all types of water damage, so it is important to check with your insurer to see what is and is not covered.
Kirkham Insurance is one of the leading insurance companies that provide high-quality home insurance in Lethbridge. Get in touch with us today for more information.
